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Buy Krugerrand Gold Bullion Coins Online Here
The Krugerrand gold bullion coin is one of the most known gold coins in the world. This kind of gold bullion can used both as a legal tender and as investment gold. Minted in South Africa, the Krugerrand is a popular choice for collectors and investors alike.
You can see just how popular it is by looking at the the various Krugerrand coins currently for sale on eBay.
1997 SOUTH AFRICA GOLD 4 COIN 30TH ANNIVERSARY KRUGERRAND SET NGC PROOF 69 70 UC
US $4,500.00
Lot of 2 Krugerrand Solid TWO OZ of FINE GOLD
US $5,000.00
4 PIECES 1 4 0Z OF FINE GOLD KRUGERRAND COINS
US $2,150.00
1 oz South African Krugerrand Gold
US $2,599.95
1 2 oz South African Krugerrand Gold
US $1,499.95
1 4 oz South African Krugerrand Gold
US $799.95
1 10th oz South African Krugerrand Gold
US $429.95
2000 PCGS 1 4 oz Gold Gem Uncirculated Krugerrand WTC Recovery 911 World Trade
US $565.00
But what is Krugerrand gold bullion? The South African Krugerrand gold coin has the image of Boer politician Paul Kruger on its face, and on the reverse is the image of one of the national symbol's of South Africa which is a springbok antelope.
First produced in 1967, the Krugerrand gold bullion coin is the first one ounce gold bullion coin ever minted and marketed as a legal tender. At that time, it was illegal for US citizens to own gold bullion with exception of coins that are considered as legal tender.
Having the Krugerrand gold bullion as a legal tender and as gold bullion, it became more popular with Americans. In 1980, the market was dominated by it; ninety percent of gold bullion was in the form of Krugerrands. Unfortunately for South Africa, today, other nations such as America, Canada and Australia have minted their own gold bullion coins and have made them legal tender coins as well.
The normal and constant sizes of Krugerrand gold bullion on the market are one ounce gold coins. Since 1980, one half, one fourth and one tenths ounce coins have been made available all with the same quality and purity of a one ounce gold coin. A price of one ounce gold coins usually sells at four to ten percent higher than the spot price. Those smaller coins usually have a lower price but have higher premiums, which is why they have lesser value in the market.
Krugerrand gold bullion has its certain features; all Krugerrand gold bullion coins contain 91.7% of gold. They are more hard-wearing than fine gold that makes the coins durable against scratches and dents.
Since gold hardly ever discolors or tarnishes, storing it for a long time as an investment can be a good idea. Gold bullion is always considered when there is an emergency need for currency or trade. And since the Krugerrand gold bullion coin is one of the popular and widely known, their value will be recognized especially in tragedies concerning finances especially against inflation. Just like what happened when the world economy when haywire in 2008 and 2009, international banks have failed, investing with gold bullion has been the alternative to the stock market.